The high-yield notes are due 2027

Davis Polk advised the initial purchasers in connection with a Rule 144A / Regulation S offering by Vista Malta Finance P.L.C. and XO Management Holding, Inc., subsidiaries of Vista Global Holding Limited, of $500 million aggregate principal amount of 7.875% senior notes due 2027. The notes are guaranteed by Vista Global and certain of its subsidiaries.

Vista Global is a leading provider of asset-lite, high-quality, technology-driven, outsourced business aviation travel services. Vista Global is the second-largest operator globally by hours flown in the highly fragmented business aviation industry.

The Davis Polk capital markets team included partner Derek Dostal, counsel John H. Runne and associates Michael Jiang and Marisa Rametta. Partner Michael Farber and associate Yueyu Yang provided tax advice. All members of the Davis Polk team are based in the New York office.